Exxon Mobil (NYSE:XOM) Trading 0.3% Higher Following Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM)’s stock price was up 0.3% during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $150.00 to $152.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as high as $116.95 and last traded at $116.47. Approximately 3,639,149 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 18,646,852 shares. The stock had previously closed at $116.17.

Other equities research analysts also recently issued research reports about the stock. HSBC raised their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $134.18.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Several large investors have recently bought and sold shares of XOM. ProShare Advisors LLC increased its holdings in Exxon Mobil by 9.1% during the 1st quarter. ProShare Advisors LLC now owns 2,372,596 shares of the oil and gas company’s stock worth $275,791,000 after purchasing an additional 198,739 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Exxon Mobil by 5.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 875,088 shares of the oil and gas company’s stock worth $101,720,000 after acquiring an additional 47,897 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Exxon Mobil by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 395,025 shares of the oil and gas company’s stock valued at $45,918,000 after purchasing an additional 20,691 shares in the last quarter. Addison Capital Co grew its stake in Exxon Mobil by 14.3% in the first quarter. Addison Capital Co now owns 12,271 shares of the oil and gas company’s stock worth $1,426,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in Exxon Mobil by 12.2% during the first quarter. Hohimer Wealth Management LLC now owns 9,240 shares of the oil and gas company’s stock valued at $1,074,000 after buying an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market cap of $459.95 billion, a P/E ratio of 14.27, a P/E/G ratio of 4.03 and a beta of 0.96. The business has a fifty day simple moving average of $115.15 and a 200 day simple moving average of $106.95.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.83 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.26%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.